Mortgage Rates Daily Commentary
Thursday 2 May 2024
Adviser's share of BNZ's new lending dipped; Mortgage arrears up and still rising slowly
Mortgage advisers accounted for slightly less of Bank of New Zealand's new mortgages in the six months ended March compared with the previous September half year , but adviser share of the overall portfolio continues to grow. [READ ON]
Mortgage arrears continue to climb from recent lows and are expected to rise 0.7% by the end of the year, up from 0.5%, the Reserve Bank’s latest Financial Stability Report shows. [Find out]
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Mortgage Rates Last Updated: 4 May 2024
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